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    Toronto / Downtown / King West

    912 - 8 Mercer St

    For RentThe Mercer
    $2,500/mth
    1 Bed + 1
    1 Bath
    0 Parking
    600 - 699 SQFT
    18 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Enclosed/Solarium
    Furnished:
    No
    Exposure:
    North
    Locker:
    Owned
    Laundry:
    Main
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Dining
    Combined with Living, Open Concept, Walkout To Balcony
    16.54 x 13.12ft
    Living
    Combined with Dining, Open Concept, Walkout To Balcony
    16.54 x 13.12ft
    Prim Bdrm
    Closet
    10.04 x 9.51ft

    About this Listing

    Prime Location! This stunning 1-bedroom + den condo offers a spacious living area, dining space, and modern kitchen. Located within walking distance of the St. Andrew subway station, Rogers Centre, CN Tower, streetcar access, top-rated restaurants, and the Entertainment, Financial, and Fashion Districts. Enjoy convenient underground PATH access just across the street. The well-designed layout features a spacious kitchen with built-in stainless steel appliances, quartz countertops, and a built-in island. Finished with engineered hardwood flooring throughout and a stylish backsplash.

    ExtrasLocker included in the rent price!

    right at home realtyMLS® #C10409499

    Amenities

    Party Room
    Security System
    Visitor Parking
    Concierge
    Gym Room
    Media Room

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Mercer vs The King West Area

    Building Trends At The Mercer

    Days on Strata

    Units at The Mercer spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    7
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    42nd
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    84
    Units were Rented over the past twelve months

    Best Value Rank

    The Mercer offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Mercer has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 8 Mercer Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$416,000 - $495,000$518,000 - $523,000$555,000 - $653,000$935,000$950,000$1,030,000 - $1,140,000
    Avg. Cost Per Sqft$1,013$1,039$989$1,212$1,053$1,158
    Avg. Wait for Unit Availability88 Days66 Days36 Days93 Days180 Days169 Days
    Ratio of Units in Building19%18%36%15%7%8%

    Transactions vs Inventory

    Total number of units listed and leased in King West